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panlives
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"Is there any point to which you would wish to draw my attention?"
"To the curious incident of the dog in the night-time."
"The dog did nothing in the night-time."
"That was the curious incident," remarked Sherlock Holmes.
landmark
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But how else can we justify cutting services and programs that people actually need?
Dr. JK
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It wasn't formed this decade, but continues to be the biggest scam of the decade: "Social Security."

I will most likely never see any of the benefits, and even if I do, I will probably have to work until I'm 70-something to get full benefits.
- Jeff Kowalk, The Psychic CPA
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Pakar Ilusi
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You guys are nowhere near the decade (or THE Biggest Human) Scam EVER!!!!!!!!

The "Elephant" in the room that always seems invisible (and invincible...).

Incredible.

But I don't want this thread to get deleted, if you know what I'm sayin'... Smile
"Dreams aren't a matter of Chance but a matter of Choice." -DC-
landmark
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I'm guessing you are talking about the big guy.
Salguod Nairb
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LobowolfXXX
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Quote:
On 2011-08-30 16:16, Salguod Nairb wrote:
/\/\ark |_ewis?


Not that big.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley.

"...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us."
Pakar Ilusi
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Quote:
On 2011-08-30 16:14, landmark wrote:
I'm guessing you are talking about the big guy.


More like if the big guy's actually there or not. Smile

Could be a Big Mama fer all we know! Smile
"Dreams aren't a matter of Chance but a matter of Choice." -DC-
irossall
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Quote:
On 2011-08-30 09:00, Dr. JK wrote:
It wasn't formed this decade, but continues to be the biggest scam of the decade: "Social Security."

I will most likely never see any of the benefits, and even if I do, I will probably have to work until I'm 70-something to get full benefits.


The reason Social Security isn't working is the fact that too many undeserving people getting to use it and the fact that too many Government hands are dipping into it for their own benefit.
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landmark
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1) Social Security is working for millions and millions of retired and disabled.
2) Any financial problems that SS may encounter in the future can easily be solved by a more fair sharing of the cost by the rich, who only pay the payroll tax up to a certain part of their income.
magicfish
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Simple.......insurance. any and all forms of insurance. biggest racket there is.
LobowolfXXX
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Quote:
On 2011-08-31 07:19, landmark wrote:
2) Any financial problems that SS may encounter in the future can easily be solved by a more fair sharing of the cost by the rich, who only pay the payroll tax up to a certain part of their income.


Isn't it the case that they only receive benefits on the amount they contribute, too?

What's happened to social security is that the age-dependency ratio is radically different than it was when it started.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley.

"...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us."
balducci
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Quote:
On 2011-08-31 09:52, LobowolfXXX wrote:

What's happened to social security is that the age-dependency ratio is radically different than it was when it started.

A changing age dependency ratio is easily enough managed (e.g., as it was in Canada), if the politicians and the public are onside. The changing age dependency ratio was / is a more or less global phenomenon. Some other countries with national pension programs have dealt with a radically different age dependency ratio in a responsible and successful fashion. What's happened to Social Security is that many politicians and many (uninformed or misinformed?) members of the public have delayed or prevented responsible and required changes to the program.

(The age dependency ratio in the U.S. was actually much worse in the 1960s than it was now [something like 94 dependents per 100 persons of working age (POWA) in the mid-1960s versus less than 70 dependents per 100 POWA today]).

This oral history interview with (life long Republican) Robert J. Myers (one of the architects of Social Security and a former Chief Actuary of the Social Security Administration) is way outdated, but still may be of interest to some here:

http://www.socialsecurity.gov/history/myersorl.html

I met Myers years ago, and am still in touch from time to time with people who worked with him over the years.
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
LobowolfXXX
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Quote:
On 2011-08-31 11:18, balducci wrote:
Quote:
On 2011-08-31 09:52, LobowolfXXX wrote:

What's happened to social security is that the age-dependency ratio is radically different than it was when it started.

A changing age dependency ratio is easily enough managed (e.g., as it was in Canada), if the politicians and the public are onside. The changing age dependency ratio was / is a more or less global phenomenon. Some other countries with national pension programs have dealt with a radically different age dependency ratio in a responsible and successful fashion. What's happened to Social Security is that many politicians and many (uninformed or misinformed?) members of the public have delayed or prevented responsible and required changes to the program.


What's happened to it is the drastic change in the age-dependency ratio. The reason(s) it hasn't been fixed is(are) what you've alluded to.

Probably mostly that politicians fear that they'll be punished for any change that delays or reduces benefits.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley.

"...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us."
tommy
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The real question is what's new?
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.

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LobowolfXXX
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There's a scene in the movie 'Clerks' where Dante and Randal are standing around in the liquor store, and Randal (I think) says something like, "This would be such a cool job if it wasn't for all the customers." I've often felt similarly about Democracy, as a system, and voters.
"Torture doesn't work" lol
Guess they forgot to tell Bill Buckley.

"...as we reason and love, we are able to hope. And hope enables us to resist those things that would enslave us."
critter
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I don't think it's the voters who are the problem. I think it's the disinformation machine that spoon feeds those voters.
"The fool is one who doesn't know what you have just found out."
~Will Rogers
critter
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PS, there have been too many big scams this decade to count.
"The fool is one who doesn't know what you have just found out."
~Will Rogers
Dr. JK
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Actually, the reason Social Security is a scam has nothing to do with the information the government provides (or does not provide) about it. The reason it's a scam is because I'm smart enough to handle my own retirement, disability, etc. I don't need the government mandating that I pay into a system to help those who are not as smart with their money as I am.

I don't mind paying my fair share of taxes, but this is different. The government collects this money to "help me" down the road. Ergo it's a scam. I don't need their help and they are simply taking my money!
- Jeff Kowalk, The Psychic CPA
www.youtube.com/eruditemagic
IG: @PsychicCPA
balducci
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Quote:
On 2011-08-31 11:26, LobowolfXXX wrote:
Quote:
On 2011-08-31 11:18, balducci wrote:
Quote:
On 2011-08-31 09:52, LobowolfXXX wrote:

What's happened to social security is that the age-dependency ratio is radically different than it was when it started.

A changing age dependency ratio is easily enough managed (e.g., as it was in Canada), if the politicians and the public are onside. The changing age dependency ratio was / is a more or less global phenomenon. Some other countries with national pension programs have dealt with a radically different age dependency ratio in a responsible and successful fashion. What's happened to Social Security is that many politicians and many (uninformed or misinformed?) members of the public have delayed or prevented responsible and required changes to the program.


What's happened to it is the drastic change in the age-dependency ratio. The reason(s) it hasn't been fixed is(are) what you've alluded to.

Probably mostly that politicians fear that they'll be punished for any change that delays or reduces benefits.

Maybe this isn't the right thread for this discussion. And I don't know precisely what you mean by "drastic". I'm just saying that the age-dependency ratio change certainly wasn't sudden, nor was it unique to the U.S., nor was it unforeseen, nor was it even as extreme (in some ways) as what was observed in the 1960s. It's impact on Social Security could (even still can) be responsibly addressed.
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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